Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

2440 Palm Ridge Rd Sanibel, FL 33957

FOR SALE
Strip malls
Property ID
US18-4034260
4,066 SF 0.63 ac lot Built 1980
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story commercial income-producing building located in Sanibel’s Central Business District, with approximately 175 feet of frontage on Palm Ridge Road. The property is zoned Town Center Limited and designated G (Altered Lands) under the City of Sanibel Comprehensive Land Use Plan, supporting retail and mixed-use uses, and featuring potential for residential conversion on the upper level subject to City approval. Each level contains 4,066 square feet of space. The structure is built with a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$2.73M
Assessed land$1.58M
Assessed improvement$1.15M
Effective rate0.93%

Value estimate

· Nov 2026
$1.09M
$977k – $1.19M
CAP approach$995k
Submarket $/SF estimate$754k
NOI build-up
Gross scheduled income$157k
Vacancy & credit loss−$5k
Operating expenses−$46k
NOI · 3.95% cap applied$107k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$342/SF
County average, outlier-cleaned · 133 recorded sales of this use type
Observed band · Q1–Q3$165 – $571
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.95%
$107k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TCG
The purpose of the TCG town center general commercial district is to provide for commercial and mixed use development in the geographical...
General categoryMIXED_USE
JurisdictionLEE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.3
Dental Office10.2
Electrical Service9.4

Location

2440 Palm Ridge Rd Sanibel, FL 33957
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 11 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
362 Periwinkle, Sanibel, FL 33957-7436 $3,500,000 Jul 2021 9,624 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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